Olathe Medical Center Inc

Analysis

Olathe Medical Center Inc is a registered charity in United States, based in Kansas City, KS. It received its IRS tax-exemption ruling in November 2023, 3 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a hospital or medical research organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2022, Olathe Medical Center Inc reported income of $321.3m and spending of $302.2m, spending 94% of its income. Across the 4 years on record, from December 2019 to December 2022, income grew from $306.6m to $321.3m (+4.8%), an average of +1.6% a year. Over the whole period it spent 86% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Olathe Medical Center Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 100th percentile, and in the 100th percentile within KS. Charities of a similar size with the same main cause include St Peters Health ($321.1m), Christus Health Southwestern Louisiana ($321.3m) and Shepherd Center Inc ($320.4m).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 0.2% and program service revenue 89% of the total. Compensation of current officers, directors and key employees was $1.1m (0.4% of expenses). Other salaries and wages came to $88.7m. At year end it held assets of $646.3m against liabilities of $204.6m, net assets of $441.7m. It reported 2,059 employees.